Cameroon to sign a XAF88.8 bln credit agreement for the finalization of the East entrance to Douala reconstruction project

Business in Cameroon | The Cameroonian Head of State, Paul Biya, recently empowered Minister of Economy, Alamine Ousmane Mey to sign, on behalf of Cameroon, a XAF88.8 billion credit agreement with Standard Chartered Bank London and UK Export Finance (Ukef).

According to the presidential decree published in that regard, the loan will fund phase 2 of the project aimed at reconstructing the East entrance to Douala. During the said phase, the roadway at the entrance of the Cameroonian economic capital will be broadened, resulting in smoother traffic flow for passengers coming from Yaounde, Edéa, or Kribi.

The East entrance to Douala facilitates access to the brand new Japoma stadium. According to Cameroonian customs, it is also a link connecting the Douala-Ndjamena and Douala-Bangui corridors, through which XAF340 and 55 billion of Chadian and Central African goods respectively transit every year.

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2 comments

  1. Cameroon,Remember the Bamenda Ring Road Project. The ring road runs a circle around the grassfields, giving you one of Cameroon´s great scenic drives, past mountains dolloped with lakes, cattle loping into the hills, and one of the greatest concentration of kingdoms and chiefdom territories in Central Africa. The “Ring Road” is about 365km long. It can be described as a Bamenda-Bambui-Ndop-Babessi-Kumbo-Nkambe-Misaje-Nyos-Wum-Bafut-Bamenda loop. It crosses five of the seven departments of the English-speaking region of northwest Cameroon and connects to several borders to Nigeria, Misaje notably.

  2. Cameroun, Souvenez-vous du projet du périphérique de Bamenda. La rocade fait un cercle autour des prairies, vous offrant l’une des plus belles routes panoramiques du Cameroun, des montagnes couvertes de lacs, du bétail qui grimpe dans les collines et l’une des plus grandes concentrations de royaumes et de territoires de chefferies d’Afrique centrale. Le “Ring Road” est d’environ 365 km de long. Elle peut être décrite comme une boucle Bamenda-Bambui-Ndop-Babessi-Kumbo-Nkambe-Misaje-Nyos-Wum-Bafut-Bamenda. Il traverse cinq des sept départements de la région anglophone du nord-ouest du Cameroun et se connecte à plusieurs frontières avec le Nigéria, notamment Misaje.

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